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Source Id
350

FHFA Failed to Ensure Freddie Mac’s Remedial Plans for a Cybersecurity MRA Addressed All Deficiencies; as Allowed by its Standard, FHFA Closed the MRA after Independently Determining the Enterprise Completed its Planned Remedial Actions

2018
AUD-2018-008
Audit
Federal Housing Finance Agency OIG
Federal Housing Finance Agency

FHFA’s Adoption of Clear Guidance on the Review of the Enterprises’ Internal Audit Work When Assessing the Sufficiency of Remediation of Serious Deficiencies Would Assist FHFA Examiners

2018
EVL-2018-003
Inspection / Evaluation
Federal Housing Finance Agency OIG
Federal Housing Finance Agency

FHFA Requires the Enterprises’ Internal Audit Functions to Validate Remediation of Serious Deficiencies but Provides No Guidance and Imposes No Preconditions on Examiners’ Use of that Validation Work

2018
EVL-2018-002
Inspection / Evaluation
Federal Housing Finance Agency OIG
Federal Housing Finance Agency

FHFA Completed its Planned Procedures for a 2016 Representation and Warranty Framework Targeted Examination at Freddie Mac, but the Supporting Workpapers Did Not Sufficiently Document the Examination Work

2018
AUD-2018-006
Audit
Federal Housing Finance Agency OIG
Federal Housing Finance Agency
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